Major U.S. and European stock exchanges plunged Wednesday and Italy’s borrowing costs jumped, as the long shadow of the continent’s debt crisis consumed the Greek and Italian governments. Key stock markets in New York, London, Paris and Frankfurt all slid more than two percent, in part due to the political uncertainty in Athens and Rome. […]
Debt Crisis: US, Europe Stocks Plunge, Borrowing Costs Rise
Posted November 9th, 2011 at 12:55 pm (UTC-5)
Leave a comment
Western Powers Warn of New Sanctions if Iran Ignores Nuclear Concerns
Posted November 9th, 2011 at 12:40 pm (UTC-5)
Britain, France and Germany said Wednesday Iran faces further sanctions if it refuses to cooperate with U.N. nuclear experts who say they have “credible” evidence of Iranian efforts to design a nuclear weapon. The International Atomic Energy Agency released a report Tuesday expressing “serious concern” about information indicating that Iran has worked on a nuclear […]
Berlusconi to Resign After Economic Reforms
Posted November 8th, 2011 at 6:40 pm (UTC-5)
Italian Prime Minister Silvio Berlusconi says that he will resign after parliament passes crucial economic reforms aimed at stabilizing Italy’s economy. Mr. Berlusconi made the announcement Tuesday after he lost parliamentary majority during a vote on a routine budget measure in the lower house, with seven ruling party members defecting. The measure passed with 308 […]
Roadside Blast Kills 11 in Northern Afghanistan
Posted November 8th, 2011 at 12:35 pm (UTC-5)
Officials say a roadside bomb attack has killed at least 11 people in northwestern Afghanistan, just days after the Afghan Taliban leader urged his fighters to avoid killing civilians. Afghanistan’s interior ministry says a bomb exploded near a police vehicle in Badghis province late Monday, killing two police officers and nine members of the same […]
Greece Has Interim PM; Italy’s Berlusconi Survives Vote
Posted November 8th, 2011 at 11:55 am (UTC-5)
State-run Greek television is reporting that economist Lucas Papademos will be the country’s interim prime minister as the debt-ridden country struggles to meet the demands of international creditors. Socialist Prime Minister George Papandreou, who is resigning as the country’s leader, reached agreement Tuesday with opposition leader Antonis Samaras on a new coalition government to serve […]
Liberian President Set to Win Runoff Vote
Posted November 8th, 2011 at 7:20 am (UTC-5)
Liberia’s President Ellen Johnson Sirleaf is poised to win re-election in a runoff vote that has been marred by an opposition boycott and a deadly clash between police and protesters. Former justice minister Winston Tubman, the president’s challenger in Tuesday’s election, has called on his supporters to boycott the poll because of alleged electoral fraud […]
US Expects IAEA to ‘Echo’ Concerns on Iran Nuclear Program
Posted November 7th, 2011 at 7:35 pm (UTC-5)
The White House said Monday it expects the International Atomic Energy Agency to “echo” U.S. concerns about Iran’s nuclear activities when the U.N. body releases a report on Iran later this week. White House press secretary Jay Carney told reporters the Obama administration believes the report will reinforce the view that Iran has failed to […]
European Finance Ministers Facing New Greek, Italian Concerns
Posted November 7th, 2011 at 3:45 pm (UTC-5)
European finance ministers are gathering in Brussels to decide whether to hand Greece another segment of its bailout money. The ministers were to meet late Monday to consider the $11 billion Greek funding. Meanwhile, Greece Prime Minister George Papandreou and opposition leader Antonis Samaras conferred in Athens to pick a new caretaker prime minister. The […]
Activists: Syrian Troops Storm Residential District of Homs
Posted November 7th, 2011 at 1:15 pm (UTC-5)
) Syrian rights activists say government forces have stormed a residential district of Homs, intensifying a deadly crackdown on dissent in the city and prompting Syria’s main opposition group to call for international intervention to protect civilians. Activists say Syrian government troops raided homes and made arrests in the Baba Amr neighborhood of Homs on […]
Suicide Bomber Kills 7 in Northern Afghanistan
Posted November 6th, 2011 at 4:30 pm (UTC-5)
Two suicide bombers targeted worshippers as they were leaving a mosque in northern Afghanistan Sunday, with one blowing himself up and killing seven people, including a police officer. At least 18 people were wounded in the blast. Authorities said the second would-be bomber was captured before he could set off his explosives. The attack took […]
